Catella Real Estate has announced it has raised €200 mln of equity for Catella Housing Europe, a new open ended fund focusing on European residential assets.
The vehicle, which is targeting a total volume of €1.1 bn, will focus on affordable housing as well as luxury residential assets in Germany, France, the Netherlands, Scandinavia as well as Spain, Poland and UK.
Catella Housing Europe has made its first investment with the acquisition of 72 apartments in the Zlota 44 tower in the city centre of Warsaw. The 192-metre high asset was designed by architects Daniel Liebeskind and provides a rental yield of 6.6%.
Catella said it is currently considering another €100 mln of investments for the fund.
